The global economy

Posted by admin on January 28, 2009

The global economy has achieved a growth rate above its three decade average for the past five years. Brighter prospects in Europe and the end of Japanese deflation have helped add to the momentum that was already underway thanks to Asia, the Americas and the emerging economies such as the ‘BRICs’ (Brazil, Russia, India and China).[1]

The global economy has experienced a period of stable and sustained growth. However, recent financial turbulence has increased the risks for 2008.[2]

The global economy is not capita lism. I have a master’s degree in economics, and I know this is not capitalism.[3]

The global economy ” gave business the ability to market products and services all over the globe. It has also allowed them to develop partnerships and alliances throughout the world, which has become essential for success in today?s business.?[4]

President-elect that the Government of the Republic of Zimbabwe remains ready to engage your government in any desirable endeavor to improve our bilateral relations,” he said. Mugabe, whose government has taken the blows of severe sanctions from the previous U.S administration, promised to mend ties with the new government under Obama.[5]

President Obama has already voiced such an inclusive and clear vision in campaign statements. The challenge for the next several years is to make this exceptional vision operational.[6]

Revenues in the 2008 fourth quarter were lower by $233 million or 14% as compared to our fourth quarter 2007 revenue levels. [7]

Revenues from our Content Management and Archiving business in Q4 were down 12% year-over-year and up 2% for the full year. This is an area of our business that is being affected by the weakness in the enterprise software market this year.[8]

Revenue rose 3% in the five months ended Dec. The company also said adverse movements in foreign exchange rates had worsened its overall net debt positions.[9]

Revenue for the quarter ended December 31, 2008 was $666.7 million, a decrease of 20.8% from the same period last fiscal year, and 20.5% from the September 2008 quarter. Revenue in local currencies fell 20.9% as currency translation increased revenue by $1.1 million, compared with last year?s December quarter.[10]

Business owners also reported they would not cutback on philanthropic or environmental efforts despite the economic downturn. [11]

Business investment probably declined at a 20% pace, while residential investment plunged at a 30% pace, the worst yet in this episode. He expects nonresidential construction to fall 2%, the first decline in about three years, with bigger drops to come.[12]

Economic activity is highly concentrated among a few players. A good domestic stimulus should not become an international distortion.[13]

Economic downturns, though painful, can (and often do) lead to business and technology innovation. This in no way refers to the extraordinary pain felt by those suffering on an individual basis from foreclosures, job losses, rapid deterioration of retirement savings, and the difficult economic choices that come about in recessionary times.[14]

Economic globalization, broadly defined as the reduction of economic distances between nations, has been fostered by three factors. The first is the innovations and advances in transportation, information and communications technologies.[15]

Economic growth came to a crashing halt when US households reached the point where they could no longer take on more debt. The bursting of the housing and credit bubble set off a deleveraging process that has spread across the world economy.[16]

Economist harp on the benefits or comparative advantage, yet conveniently forget about the effects of price factor equalization on the wages of workers in developed countries. They conveniently forget about a century of economic morality, rules and regulations, that have been fought for by different interests groups.[17]

Economic theory and past performance suggest that although offshoring provides overall economic gains, it is also redistributive, with affected workers facing the prospect of job loss and wage pressures. A powerful set of policy tools can help navigate the ups and downs of this new global force, but so far most have not been deployed.[18]

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